| Depreciation |  |  | 29,967 |  |  |  | 31,631 |  |
| Aircraft impairment |  |  | 22,546 |  |  |  | — |  |
| Interest expense |  |  | 22,066 |  |  |  | 27,155 |  |
| Selling, general and administrative |  |  | 12,500 |  |  |  | 7,664 |  |
| Provision for uncollectible operating receivables |  |  | 1,000 |  |  |  | — |  |
| (Gain) loss on derivatives |  |  | (2,724 | ) |  |  | 507 |  |
| Fair value (gain) loss on marketable securities |  |  | (1,839 | ) |  |  | 9,412 |  |
| Loss on extinguishment of debt |  |  | — |  |  |  | 850 |  |
| Maintenance and other costs |  |  | 1,104 |  |  |  | 1,184 |  |
| Total expenses |  |  | 84,620 |  |  |  | 78,403 |  |
| Net income (loss) before provision (benefit) for income taxes |  |  | (3,763 | ) |  |  | 43,152 |  |
| Provision (benefit) for income taxes |  |  | (370 | ) |  |  | 5,080 |  |
| Net income (loss) |  | $ | (3,393 | ) |  | $ | 38,072 |  |